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The Section 743(b) basis adjustment can be used by Pat to reduce his allocable share of gain from the sale. b. The Section 743(b) basis
The Section 743(b) basis adjustment can be used by Pat to reduce his allocable share of gain from the sale. b. The Section 743(b) basis adjustment can be used by Ralph to reduce his allocable share of gain from the sale. c. The Section 743(b) basis adjustment can not be used by either Pat or Ralph to reduce his allocable share of gain from the sale. d. The Section 743(b) basis adjustment can be used by both Pat and Ralph to reduce their allocable shares of gain from the sale
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